A reciprocal service cost approximation

Article Abstract:

A new way is suggested for approximating service department costs when reciprocal services exist. Analytical results suggest that under certain circumstances, the method results in approximations that converge to allocations under the theoretically correct reciprocal method. Numerical results are offered that show that the proposed method is more accurate than the two simplified allocation methods even when non-trivial parameter estimation mistakes are assumed. Results suggest that many real-world companies could use the proposed method to more accurately assess marginal expenses and therefore improve their service-associated operating decisions.

Analysis, Cost (Economics), Costs (Economics), Cost control

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Functional fixation and interference theory: a theoretical and empirical investigation

Article Abstract:

The interference theory is used to evaluate the hypothesis that potential exposure to income and cost measurements will generate fixated responses for a decision-making environment whereby market value is the proper response. The fixated responses are seen in both the prospect theory literatures and the functional fixations that are connected to certainty and materiality. The quantity of accounting courses subjects had finished was used as a surrogate for cost and income exposure.

Decision-making, Decision making, Planning, Economic aspects, Profits, Management, Wages, Wages and salaries, Corporate profits

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A simulation analysis of interactions among errors in costing systems

Article Abstract:

The factors to be considered during costing system design to avoid errors are analyzed. The details of various error metrics are also presented.

United States, Cost Accounting, Measurement, Errors, Errors (Mistakes), Process costing

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